FINANCIAL MECHANISM OF THE STATE STABILIZING POLICY REALIZATIONJournal: Herald of Kyiv National University of Trade and Economics (Vol.87, No. 1)
Publication Date: 2013-02-14
Authors : SAVCHENKO Kostiantyn;
Page : 77-85
Keywords : state stabilizing policy; financial mechanism; economic system; crisis; financially-safe parameters.;
The economic situation requires a new form of financial policy connected with anti crises regulation of economic development- stabilization policy. The aim of the article is to determine the economic substance of stabilization policy as a constituent of a general government policy, as well as the financial mechanism for its implementation. This study has found that stabilization policy is a set of interrelated power activities to stabilize the processes of formation, distribution and use of financial resources to mitigate the effects of the crisis in the national economy. The main objective of stabilization policy is to provide such redistribution proportions of financial resources to minimize the impact of the crisis on the economic system stop decreasing the level of its development. The second major finding was that the foundation of an efficient stabilization policy is to create an effective financial mechanism that takes into account the specific goals and objectives of crisis financial management at the macroeconomic level. Summarizing the existing approaches to the formation of the financial mechanism, it can be argued that the relatively stabilization policy it is a complex hierarchical structure, which includes two subsystems: the functional and organizational. The functional element of the financial mechanism of stabilization policy of a country is a set of means of influence on economic development of a country, which includes financial methods, financial instruments and financial levers. Organizational subsystem of the financial mechanism of stabilization policy includes the organization of object-subject relationship within the goals of stabilization policy. Finally, the financial mechanism of stabilization policy of a country is defined as a coherent system of forms, methods and tools to influence the economy to facilitate economic activities and to prevent economic downturn and maintaining the economic growth in any economic, political and social situations in country.
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